Special Issue "Mathematical Modeling of Socio-Economic Systems"

A special issue of Mathematics (ISSN 2227-7390). This special issue belongs to the section "Financial Mathematics".

Deadline for manuscript submissions: 31 March 2020.

Special Issue Editor

Prof. Leone Leonida
E-Mail Website
Guest Editor
King's Business School, King's College London, London WC2R 2LS, United Kingdom
Interests: Finance; Financial Analysis; Innovation; Corporate Finance

Special Issue Information

Dear Colleagues,

This Special Issue aims at presenting a critical analysis and a survey of the research activity and perspectives coming from the actual and potential interactions between hard sciences, such as mathematics and physics, and socio-economic sciences. We will present scientific articles focusing on specific issues related to the modeling of socio-economic systems, with the goal of pushing forward further developments towards the general mathematical structures that are able to capture the complexity features of living systems in general, and of socio-economical systems in particular, as well as sounding applications using advanced tools of computer science.

We aim to offer a critical overview of a variety of mathematical approaches, namely, population dynamics, population dynamics with internal structure, game theory, evolutive games, mean field games, statistical dynamics, kinetic theory, and discussing the advantages and withdraws of the different methodological approaches and tools.

Prof. Leone Leonida
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Mathematics is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Published Papers (2 papers)

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Research

Open AccessArticle
Modelling the Relation between Managers, Shadow Cost of External Finance and Corporate Investment
Mathematics 2019, 7(11), 1050; https://doi.org/10.3390/math7111050 - 04 Nov 2019
Abstract
This paper provides a theoretical framework for studying the impact of self-interested managers on the level of corporate investment. I extend the standard neoclassical model of firm value maximization to incorporate the effect of misaligned managers on corporate investment via a firm’s profit, [...] Read more.
This paper provides a theoretical framework for studying the impact of self-interested managers on the level of corporate investment. I extend the standard neoclassical model of firm value maximization to incorporate the effect of misaligned managers on corporate investment via a firm’s profit, adjustment costs of capital and shadow cost of external finance. Under some assumptions, commonly made by the relevant literature, the model shows that the intensity of agency conflicts between misaligned managers and outside shareholders affects a firm’s investment decisions generating either under or overinvestment with respect to a perfect capital market and driving a higher cost of external finance. Full article
(This article belongs to the Special Issue Mathematical Modeling of Socio-Economic Systems)
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Open AccessArticle
Bureaucratic Reshuffling and Efficiency: Do n-Competing Bureaus Determine Inefficient Results?
Mathematics 2019, 7(10), 998; https://doi.org/10.3390/math7100998 - 21 Oct 2019
Abstract
Governments often support their preferences for decentralised (centralised) bureaucracies on the grounds of efficiency considerations (production side). Here, we consider the demand side, i.e., whether the government perception of citizens’ demand for differentiated goods/services might increase efficiency by simply reshuffling bureaucratic production activities. [...] Read more.
Governments often support their preferences for decentralised (centralised) bureaucracies on the grounds of efficiency considerations (production side). Here, we consider the demand side, i.e., whether the government perception of citizens’ demand for differentiated goods/services might increase efficiency by simply reshuffling bureaucratic production activities. We represent the budgetary process—between an incumbent governing party and n-competing bureaus producing differentiated goods/services—as a simultaneous Nash-compliance game with complete information. On these grounds, we analyse—in terms of public production, players’ rents and payoffs—the effects of increasing competition (as for the number of bureaus) in the political–bureaucratic market. Moreover, we evaluate, ceteris paribus, the effects of bureaucratic reshuffling from the point of view of society, assumed to prefer those policies that approximate social efficiency by minimising bureaucratic and political rents. Full article
(This article belongs to the Special Issue Mathematical Modeling of Socio-Economic Systems)
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